Eric Schmidt of Google has decided to take a bow from his position as Google’s CEO. It took him 10 years to head what started off as a plain, simple and not so glamorous looking search engine that expanded into the most vital tools of our every day lives today. YouTube, Chrome, Gmail, Gtalk, Google Docs and what not? Of course that’s the hard work and untiring efforts of the entire team but he Eric Schmidt had been heading this since 2001.

I have not much to say and would rather share what has been written or rather explained in quite detail on the Google Blog:

Larry will now lead product development and technology strategy, his greatest strengths, and starting from April 4 he will take charge of our day-to-day operations as Google’s Chief Executive Officer. In this new role I know he will merge Google’s technology and business vision brilliantly. I am enormously proud of my last decade as CEO, and I am certain that the next 10 years under Larry will be even better! Larry, in my clear opinion, is ready to lead.
Sergey has decided to devote his time and energy to strategic projects, in particular working on new products. His title will be Co-Founder. He’s an innovator and entrepreneur to the core, and this role suits him perfectly.
As Executive Chairman, I will focus wherever I can add the greatest value: externally, on the deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership that are increasingly important given Google’s global reach; and internally as an advisor to Larry and Sergey.

Best of Luck Eric with whatever you do in the future, Google on the other hand has an equally dynamic co-founder to head operations as well as a brilliant team that has over 24,000 members across the globe.